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Morning Heating Oil Market Report

Heating oil prices received a lift from Wednesday's EIA inventory report that showed a smaller than expected 258,000 barrel build in distillate stocks. Current distillate supplies widened their deficit to year ago levels to 17.124 million barrels. Distillate imports came in at 80,000 barrels per day compared to 122,000 barrels the previous week. Average total distillate demand for the past four weeks was down 4.69% compared to last year. EIA heating oil stocks fell 152,000 barrels and are 13.159 million barrels below last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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